PIONEER VALLEY CARDIOLOGY ASSOCIATES INC (EIN 454208896) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

DEBORAH BITSOLI

Phone

8607144000

Tax Period

2023-07-01 to 2024-06-30

PIONEER VALLEY CARDIOLOGY ASSOCIATES INC, founded in 2012, is a community nonprofit in the Health Care sector that reported $8.4M in total revenue in fiscal year 2023. Expenses of $16.2M exceeded revenue, resulting in a 94% operating deficit.

Mission

TO PROVIDE HEALTH CARE SERVICES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,195,783

Investment Income $0

Other Revenue $157,231

TOTAL REVENUE $8,353,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,179,156

Other Expenses $16,215,209

TOTAL EXPENSES $16,215,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,353,014	$8,700,560	0.0%
Expenses	$16,215,209	$17,667,031	-0.1%
Net Income	$-7,862,195	$-8,966,471	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,357,340

Total Directors

$2,003,422

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BITSOLI	DIRECTOR; PRESIDENT; CHAIR	1.00	Officer Director	$0	$133,802	$873,882
ROBERT ROOSE MD	DIRECTOR; MERCY HOSPITAL PRESIDENT	1.00	Director	$0	$75,914	$646,082
MIKE RYAN	DIR, SEC, TREAS; REG VP OF FINANCE	1.00	Officer Director	$0	$49,064	$483,458
STUART ROSENBERG	FORMER KEY EMPLOYEE	0.00		$0	$30,634	$397,541
DANIEL KEENAN	FORMER OFFICER; SVP GOV'T RELATIONS	0.00		$0	$55,688	$386,372
JAMES HARRIS	FMR OFFICER; TH OF NE DIR OF REIMB	0.00		$0	$46,392	$277,482

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$8,353,014	$16,215,209	$1,702,834	$-7,862,195
2023	$8,700,560	$17,667,031	$1,348,239	$-8,966,471
2022	$14,822,932	$16,781,117	$1,842,732	$-1,958,185
2021	$8,800,420	$14,789,830	$1,208,682	$-5,989,410
2020	$8,220,118	$13,649,936	$948,159	$-5,429,818
2019	$8,251,845	$12,956,339	$969,389	$-4,704,494
2018	$8,004,709	$13,359,680	$1,004,686	$-5,354,971

PIONEER VALLEY CARDIOLOGY ASSOCIATES INC